GMX Reaches 24-Hour Trading Volume of $12.47 Million (GMX)

GMX (GMX) traded up 4.5% against the dollar during the 1-day period ending at 17:00 PM ET on September 19th. One GMX token can now be purchased for about $35.83 or 0.00132220 BTC on exchanges. GMX has a market cap of $323.30 million and $12.47 million worth of GMX was traded on exchanges in the last day. During the last week, GMX has traded 13.5% higher against the dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded up 3% against the dollar and now trades at $0.28 or 0.00001027 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 0.5% lower against the dollar and now trades at $0.0010 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 0.1% lower against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded 0% lower against the dollar and now trades at $0.0086 or 0.00000032 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.5% against the dollar and now trades at $0.0076 or 0.00000028 BTC.

GMX Token Profile

GMX’s genesis date was August 30th, 2021. GMX’s total supply is 9,436,413 tokens and its circulating supply is 9,024,003 tokens. GMX’s official website is gmx.io. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official message board for GMX is medium.com/@gmx.io.

According to CryptoCompare, “GMX is a decentralized spot and perpetual exchange that enables low swap fees and zero price impact trades. It operates with a multi-asset pool that generates liquidity provider fees from market making, swap fees, and leverage trading. The platform leverages Chainlink Oracles and aggregates prices from leading volume exchanges to support dynamic pricing.
While GMX hasn’t provided clear information about its founders, the platform utilizes the GMX token within its ecosystem. The GMX token offers various functionalities, including rewards, staking, vesting, and multiplier points. Users can earn rewards, stake tokens for benefits, convert Escrowed GMX to GMX through vesting, and use Multiplier Points to enhance ETH/AVAX APRs. The token plays a vital role in facilitating activities and providing incentives within the GMX ecosystem.”

Buying and Selling GMX

It is usually not presently possible to buy alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to trade GMX should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView